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Lowest Projected Earnings Growth in the Steel Industry Detected in Shares of Cleveland-Cliffs Inc (CLF, RS, SXC, ZEUS, NUE)

By Shiri Gupta

Below are the three companies in the Steel industry with the lowest projected earnings growth. The growth of earnings per share (current fiscal year estimated vs. last year actual) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.

Cleveland-Cliffs Inc ranks lowest with a projected earnings growth of 9.0%. Following is Reliance Steel with a projected earnings growth of 55.6%. Suncoke Energy I ranks third lowest with a projected earnings growth of 62.3%.

Olympic Steel follows with a projected earnings growth of 63.6%, and Nucor Corp rounds out the bottom five with a projected earnings growth of 69.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Olympic Steel on April 18th, 2019 by issuing a Downtrend alert when the shares were trading at $15.92. Since that call, shares of Olympic Steel have fallen 33.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest projected earnings growth :clf cleveland-cliffs inc Reliance Steel suncoke energy i olympic steel nucor corp

Ticker(s): RS SXC ZEUS NUE